In forex trading, a standard Lot refers to the 100,000 units of a base currency. For example, one standard lot of the EUR/USD means the investors have bought 100,000 Euros.
Vincent Nyagaka is a Professional Trader, Analyst &. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Checkout Vincent’s Professional Trading Course here.